The Impact Of Globalization On The Multinational Corporation Essay
Keywords: Globalization, Multinational Corporation, Ethics.
What is Globalization?
“Globalization is a process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology. This process has effects on the environment, on culture, on political systems, on economic development and prosperity, and on human physical well-being in societies around the world.” (The Levin Institute, 2015)
The Multinational Corporation
‘The Multinational corporation is a corporation that has its facilities and other assets in at least one country other than its home country. Such companies have offices and/or factories in different countries and usually have a centralized head office where the co-ordinate global management.” (Investopedia, 2016) Walmart is a good example of a Multinational Corporation. They produce and deliver goods all over the world. Since Walmart is such a big Corporation around the world they can influence Politics through Lobbying, they can contribute to campaigns, they have even gone as far as threatening to withdraw services
Culture Shock experienced by managers working abroad Many companies will try and send employees abroad or…